Quote:
Originally Posted by corporatejay
Project finance, particularly debt will be priced and structured based on the credit quality of the counterparties to the lease agreements. Having smaller businesses as counterparties will likely lead to increased financing costs, assuming they can even find small businesses willing to commit that far out.
Conversely, CMLC has effectively the power of taxation so their credit worthiness is top tier and they don’t need to pre sign leases.
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In other words, unlike CSEC, CMLC has the luxury of being able to lose unlimited amounts of our money, so they can build whatever crap they want and subsidize it to keep it afloat. And this is a good thing, amirite?
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